Medallion Home sets home sales records

Medallion Home announced Wednesday that it set records for the number of homes sold and total dollar volume in the first quarter of this year.

Medallion, which is owned by Carlos Beruff, sold 85 homes and generated sales of $27.2 Million.

"Foot traffic has been really strong so far this year, which is typically a precursor to sales," said Gregg Glasser, Medallion Home's director of sales and marketing, in a statement.

"Our clients are taking advantage of historically low interest rates, which is a real benefit to them as costs across the board continue to increase," he added. "We're hopeful this year's long winter up north will help maintain the momentum that's been built up."

Medallion Home's record comes as builders regionwide are enjoying a resurgence in sales. On Tuesday, Neal Communities reported record sales in March, with 91 sales during the month, the most in its history. In February, it sold 81 homes.

Medallion, one of the most active builders in Southwest Florida, is constructing homes in the Riva Trace community in University Park; in Bradenton; Parrish; and Mount Dora.

In all, Medallion Home is now selling homes in 11 communities, from Parrish to North Port.

The builder registered $80 million in sales of 240 new homes last year, for a 22 percent increase over 2011.

"The demand has certainly picked up over the last 24 months," Beruff told the Herald-Tribune last month. "We're on a steady, sustainable path."